National Atomic Company Kazatomprom JSC Stock | Analysis for March 2026, Price & Rating

National Atomic Comp...

KAS:KZAP

лв 37.587,99

лв-122,01 (-0,32%)

37.587,99 лв

лв-122,01 (-0,32%)

End-of-day quote: 03/27/2026

National Atomic Company Kazatomprom JSC Stock Value

The analyst rating for KAS:KZAP is currently Buy.

Buy

National Atomic Company Kazatomprom JSC Company Info

EPS Growth 5Y

23,40%

Market Cap

лв9.780,34 B

Long-Term Debt

лв51,59 B

Quarterly earnings

04/30/2026

Dividend

лв1.259,20

Dividend Yield

3,35%

Founded

1997

Industry

Energy

Country

Kazakhstan

Website

National Atomic Company Kazatomprom JSC

ISIN Number

KZ1C00001619

Website

http://www.kazatomprom.kz

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

лв47.442,50

26.22%

Last Update: 03/27/2026

Analysts: 2

Highest Price Target лв52.000,00

Average Price Target лв47.442,50

Lowest Price Target лв42.885,00

In the last five quarters, National Atomic Company Kazatomprom JSC’s Price Target has risen from лв11.828,23 to лв24.281,00 - a 105,28% increase. Two analysts predict that National Atomic Company Kazatomprom JSC’s share price will increase in the coming year, reaching лв47.442,50. This would represent an increase of 26,22%.

Top growth stocks in the energy sector (5Y.)

What does National Atomic Company Kazatomprom JSC do?

National Atomic Company Kazatomprom JSC engages comprehensively in the uranium production chain, spanning geological exploration, mining, nuclear fuel production, and the marketing of uranium and auxiliary services including transportation, logistics, and research. The company has established itself as a significant player in the global nuclear fuel market, serving various customer segments with an extensive product range. The company’s operations are not just limited to mining; it encompasses...

The company has established itself as a significant player in the global nuclear fuel market, serving various customer segments with an extensive product range. The company’s operations are not just limited to mining; it encompasses the entire value chain, thereby creating synergies that enhance operational efficiency and market competitiveness.

Business Segments

The company operates through two main business segments that contribute to its overall revenue: uranium production and processing via its own mines, and auxiliary services.

The first segment, Uranium, involves the extraction and processing of uranium from the company’s diverse mining operations. This segment’s activities include the external marketing of both the uranium mined and those purchased from joint ventures. The company’s uranium production is vital not just locally but also addresses the international demand for nuclear power. This segment comprises a significant share of the company's operational focus, powered by its ability to leverage resources efficiently to maximize output.

The second business segment is Ulba Metallurgical Plant (UMP), which specializes in the production of various products that contain beryllium, tantalum, and niobium, among others. The facility also produces hydrofluoric acid and maintains a processing capability for uranium as part of its tolling operations. UMP’s contributions extend to producing uranium powders and pellets which are essential for nuclear fuel fabrication, further enhancing the company’s capacity to participate in the nuclear supply chain. Additionally, the company has various subsidiaries providing specialized services within its operations, though the revenues from these subsidiaries. These entities focus on support services such as drilling, transportation, security, and geological services, which are critical to maintaining operational efficiency in the company's mining functions.

Business Strategy

The company's business strategy is rooted in its vertical integration, which enables the company to control every aspect of the uranium production process from exploration and extraction to processing and marketing.

A centerpiece of the company's strategy is the commitment to technological advancement and innovation. By adopting cutting-edge technologies in mining and processing, the company is positioned to remain competitive in an evolving market landscape.

In pursuing sustainability, the company aims to minimize its ecological footprint. The strategy includes developing processes aimed at reducing waste emissions and enhancing resource utilization throughout its operations. The company emphasizes building strategic partnerships in various markets to expand its reach and reinforce its position as a global leader in uranium supply. By collaborating with international firms and stakeholders in energy sectors, the company seeks to anchor itself firmly within the global nuclear supply chain.

Furthermore, the company’s strategic marketing initiatives play a crucial role in establishing long-term customer relationships, primarily with utilities and energy producers reliant on nuclear power. Maintaining these relationships is paramount for the ongoing support of the company’s production capabilities. The company remains adaptable and responsive to global market conditions, as indicated by its flexible pricing strategies for uranium and related products.

Products and Services

The company offers a wide range of products and services designed to meet the diverse needs of its customer base in the nuclear and chemical sectors. The nucleus of its product offerings is uranium in multiple forms, including natural uranium, enriched uranium, uranium powders, and pellets.

The uranium segment provides various forms of uranium catering to a wide array of nuclear fuel fabrication requirements. The company supplies both niobium and tantalum, essential materials in electronics and structural applications, reflecting its commitment to versatility in product offerings.

In addition to uranium, the company's Ulba Metallurgical Plant (UMP) produces a variety of chemical products, including hydrofluoric acid, which serves multiple industrial applications. The facility also manufactures beryllium and its alloys, which are crucial for various aerospace, military, and commercial applications.

The company engages in auxiliary services, such as transportation and logistics, providing end-to-end solutions for the delivery of its products. The company invests in transportation options that align with its operational strategy, enhancing the efficiency of product delivery both locally and internationally.

The company’s commitment to quality is evident in its extensive certification processes for all products, ensuring adherence to both domestic and international standards of safety and quality.

Geographical Markets

The company primarily operates within Kazakhstan but has established a significant presence in international markets. The company supplies uranium to several countries, particularly those pursuing nuclear energy development. Its international operations are vital as they embody strategic partnerships with various global entities participating in the nuclear supply chain.

Recent initiatives include the establishment of new subsidiaries in line with its growth targets, such as Taiqonyr Qyshqyl Zauyty LLP, formed to diversify operations into sulfuric acid production. The company plans to attract external investors for this venture, reflecting the company’s strategic pursuit of investment opportunities that complement existing operations.

Seasonality

The company’s business activities are influenced by seasonality, particularly in the context of uranium mining and production activities. While the core business of uranium production operates year-round, variations in mining activity can occur due to seasonal climatic conditions, which may impact accessibility to certain mining sites.

The company has optimized its processes to mitigate seasonal impacts, ensuring consistent output and reliability in meeting customer demand. The cyclical nature of the nuclear energy market can also induce variability in demands for uranium supply, as energy producers adjust their purchasing patterns based on global energy requirements and market pricing trends. The company actively monitors these market indicators to align production strategies effectively.

Customers

The company caters to a diverse customer base that includes major energy producers and nuclear power generators. These clients are predominantly located in various regions globally, reflecting the expanding reach of the company's market presence.

The company's clientele encompasses businesses involved in nuclear power production, defense, and advanced technology sectors. This wide-ranging customer portfolio underscores the company's capability to service distinct markets effectively.

The company serves a substantial number of customers year-on-year, ensuring comprehensive support and tailored solutions to meet their unique requirements. By maintaining strong, long-term relationships with its customers, the company reinforces its position as a trusted supplier in the uranium market.

Sales and Marketing

The company employs a variety of sales and marketing strategies to effectively reach its customer base. The company utilizes relationship management techniques that foster direct engagements with clients, enabling tailored offerings based on specific customer needs.

The distribution of the company’s products is steered through both in-house logistics capabilities and third-party partnerships, optimizing the delivery of uranium and related products to local and international markets. This hybrid approach allows for scalability and flexibility in meeting diverse customer logistics requirements. The company also engages in strategic pricing and competitive marketing initiatives designed to highlight its value proposition in the nuclear energy sector.

History

National Atomic Company Kazatomprom JSC was founded in 1997.

National Atomic Company Kazatomprom JSC Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Uranium production: approx. 80% - Fuel processing and sales: approx. 15% - Other services: approx. 5% **TOP 3 markets:** 1. China: approx. 40% 2. Europe: approx. 30% 3. USA: approx. 20% Kazatomprom is the world's largest uranium producer and generates th...

At which locations are the company’s products manufactured?

**Production Sites:** Kazakhstan Kazatomprom, the world's leading company in uranium production, operates its production facilities mainly in Kazakhstan. The company utilizes the country's abundant uranium deposits and operates several mines that span across various regions of Kazakhstan....

What strategy does National Atomic Company Kazatomprom JSC pursue for future growth?

**Increase in Uran Production:** 5% annually (Forecast 2025-2030) **Investments in Technology:** $150 million USD (2025) **Expansion of International Partnerships:** New Joint Ventures in Asia and Europe (2025) National Atomic Company Kazatomprom JSC is pursuing a growth strategy based on incre...

Which raw materials are imported and from which countries?

**Imported raw materials/materials:** Uran, chemical reagents, technological equipment **Main importing countries:** Russia, China, USA National Atomic Company Kazatomprom JSC is the world's largest uranium producer and mainly imports materials necessary for uranium production and processing...

How strong is the company’s competitive advantage?

**Market share:** 24% (2023) **Uranium production:** 21,227 tons (2023) Kazatomprom is the world's largest uranium producer and holds a significant market share of approximately 24% of global uranium production. This substantial share gives the company a clear competitive advantage as it is ab...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approx. 70% (estimated for 2025 based on historical data) **Insider Buys/Sells:** No significant transactions in the last year (2024) The institutional investor share at Kazatomprom has traditionally been high, as the company is considered one of the world's...

What percentage market share does National Atomic Company Kazatomprom JSC have?

**Market share of Kazatomprom:** approximately 24% (2025) **Top competitors and their market shares:** 1. **Kazatomprom**: 24% 2. **Cameco Corporation**: 18% 3. **Orano (formerly Areva)**: 12% 4. **Uranium One**: 10% 5. **China National Nuclear Corporation (CNNC)**: 8% 6. **Rosatom**: 7% 7. **NAC K...

Is National Atomic Company Kazatomprom JSC stock currently a good investment?

**Revenue Growth:** 8% (2024) **Production Increase:** 5% (2024) **Market Share Uranium Production:** 23% (2024) Kazatomprom is the world's leading uranium producer and has increased its market share to 23% in 2024. The continuous production increase of 5% in 2024 demonstrates the company&#039...

Does National Atomic Company Kazatomprom JSC pay a dividend – and how reliable is the payout?

**Dividend Yield:** 7.5% (2024) **Dividend History:** Consistent payouts over the last 5 years Kazatomprom has regularly distributed dividends to its shareholders in recent years. The dividend yield was around 7.5% in 2024, which is considered attractive compared to other companies in the industr...

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National Atomic Company Kazatomprom JSC Stock Value

National Atomic Company Kazatomprom JSC Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does National Atomic Company Kazatomprom JSC do?

National Atomic Company Kazatomprom JSC Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

National Atomic Company Kazatomprom JSC Stock Value

National Atomic Company Kazatomprom JSC Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does National Atomic Company Kazatomprom JSC do?

National Atomic Company Kazatomprom JSC Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.